From an economist’s point of view which represents the greater market failure – merit or demerit goods ? Justify your answer using both economic theory and relevant examples. (25 marks) Market failure occurs when a free market fails to deliver an efficient allocation of resources. Merit goods are seen to be underprovided by the state whereas demerit goods are seen to be overprovided by the state. Although obviously both merit and demerit goods cause market failure by their under/over consumption
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birds have found two mutations within the mitochondrial genomes within fifty years. Within those fifty years it has shown two mutations within the mitochondrial genomes which can debunk the two percent of evolution per million years. By studying individual chickens Professor Greger Larson at Oxford University’s Research Laboratory for Archaeology‚ they have found two mutations in the mitochondrial genomes. Now the chickens that were chosen for this were those of a long-term line of chickens that were
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A bitter event like World War II ends with a sweet taste for America because they do not lose as many people as Russia or Germany and‚ to put the cherry on the top‚ the war was a bust to get out of the abysmal situation of the great depression. American people believed in their government and the persons behind it because‚ at the end of the day‚ that administration won the war‚ but that political perfection would not last eternally. The critical event? John F. Kennedy. Kennedy never had an undemanding
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trials. One of the main conflicts of the play was John Proctor’s affair with Abigail Williams‚ an affair which set off the witch trials. While Abigail has many obvious flaws and may be defended‚ her role and the severity of her actions cannot be overlooked. Abigail may not deserve the entirety of the blame‚ she most certainly deserves the consequences of her actions. Abigail fell in love with John during their affair. “You loved me‚ John Proctor‚ and whatever sin it is‚ you love me yet!”(act one)
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Do not lie and live a peaceful life. Sometimes life is not how you plan it to be but that is alright. For example‚ during the post-classical China era‚ women began to gain more intellectual freedom and when empresses Wu and Wei were ruling it was a joyous time for women. But then Empress Wei killed Wu and women began to sink lower in the social ladder. Along with this was foot binding. aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaf asdfjasld;fjaskld jlwektj ijakfdskffffffffffffffffffffffffffffffffffffffffffffffffffff-
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The selfish nature of humans Selfishness. A personality trait that only bad people have. Incorrect. Selfishness is part of the nature of every living human being. Despite what all humans may believe selfishness is a part of all of us and is the driving force behind everything we do. In order to survive humans must be selfish and think of their own needs above other peoples. We must be selfish to our surrounding environment by using the resources essential to humans that our environment bears
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company was owned by the Church of Satan because the logo of P&G that was more than a 100 years old portrayed a half moon and 13 stars symbolising Satanism. • By 1981 a second rumour circulated which claimed that John Smale‚ President & CEO had appeared on the Phil Donahue Show or a similar one and claimed that he was a member of the Church of Satan. • Toll free lines were flooded with retailers and customers and the sales were declining. • P&G sent fact sheets clarifying their
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John Proctor: A Hero or a Fool?In Arthur Miller’s famous allegorical play The Crucible ‚the main characterJohn Proctor‚ a young defiant yet respected farmer‚ shows heroic characteristicsthrough intricate situations of theocratic injustice. Set in hysteria and chaos‚the witch trials of Salem village as the trials unfold Proctor finds himself in adifficult situation in which his decision and actions decide not only his fate but thefate of many innocent people like himself. In the community‚ people
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Case #16 Proctor & Gamble: Selling Through Customer Business Development Questions for Discussion: 1.Which of the sales force structures discussed in the text best describes P&G’s CBD structure? In the 80’s‚ manufacturers began to spend money to better understand consumers‚ and P&G more than anyone. However‚ they never really asked‚ if these needs were the same in retailers. It was the period when P&G decided‚ to change the sales department into a more strategic department named Customer Business
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essay on playing Elizabeth Proctor I am using the Heinemann edition of the text and I will be discussing how I would play the part of Elizabeth Proctor in the given scene. This scene is taken from Act Four‚ the final act of the play and the tragic plot is drawing to an end. Both Elizabeth and John Proctor have been imprisoned on false charges of witchcraft. Elizabeth’s pregnancy is‚ at present‚ sparing her from the possibility of hanging but her husband‚ John Proctor‚ in his vain attempts to
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